According to Nikkei, Japan is considering changes to its antitrust penalty system in order to more easily fine overseas companies that collude with Japanese partners, aiming at cross-border cartels as business activity grows more globalized.
Currently, the law assesses monetary penalties based on domestic sales derived from the cartel. Unfortunately, this method runs into problems when dealing with international cartels that agree to allocate markets among member participants whose turf lies outside Japan and remain beyond the system’s reach.
The new system would leave much to the commission’s discretion and look to systems such as the European Union’s, which assesses fines based on the full duration of the anti-competitive activity in question, making it important to gain the business community’s support. The watchdog has also released its analysis for discussion with a request for public comment.
Full Content: Nikkei
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google Faces DOJ Antitrust Trial, Publishers Watch Closely for Impact on Ad Market
Sep 9, 2024 by
CPI
India Moves to Challenge Big Tech Power in Digital Markets
Sep 9, 2024 by
CPI
US Tightens Grip on AI: New Reporting Rules for Developers and Cloud Providers
Sep 9, 2024 by
CPI
EU Court to Decide Apple’s €13bn Tax Battle
Sep 9, 2024 by
CPI
Google Lawyer Kevin Yingling Joins Freshfields Amid Antitrust Fight
Sep 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
CPI
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
CPI
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
CPI
The Cost of Making COFECE Disappear
Sep 3, 2024 by
CPI